CalPERS Names Tom McDonagh Acting Senior Investment Officer of Real Assets

The California Public Employees’ Retirement System (CalPERS) has named Tom McDonagh Acting Senior Investment Officer (SIO) for Real Assets, effective April 1, 2014.

McDonagh will take over the position vacated by Ted Eliopoulos, who has been named Interim Chief Investment Officer upon the passing of Joe Dear, CalPERS Chief Investment Officer. McDonagh is currently a Senior Portfolio Manager in the Global Fixed Income asset class.

"Tom is a valued part of our team, and has both the investment and management experience needed to lead the asset class," said Eliopoulos. "I look forward to working with Tom and welcome him to the senior management team."

McDonagh joined CalPERS in 2010 after serving as Chief Investment Officer at both Freedom Mortgage and American Home Mortgage. Prior to that, McDonagh spent time at CalPERS as a Portfolio Manager for Global Fixed Income, in addition to positions at Vanderbilt Capital Advisors and Lazard Freres Asset Management.

As Acting SIO of Real Assets, McDonagh will be responsible for implementation and management of investment strategy and policy for the Pension Fund’s $27.8 billion portfolio in real assets worldwide.

McDonagh holds a Bachelor of Arts degree in Economics from Hobart College, and a Master of Business Administration degree in Finance from Lubin School of Business, Pace University in New York.

CalPERS is the largest public pension fund in the U.S., with more than $280 billion in assets. CalPERS administers health and retirement benefits on behalf of 3,064 public school, local agency and state employers. There are more than 1.6 million members in the CalPERS retirement system and more than 1.3 million in its health plans. For more information about CalPERS, visit www.calpers.ca.gov.

Next Finance , March 2014

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